Gongol.com Archives: March 2019
March 7, 2019
Why those artificial islands China is building are such a point of contention
Claiming territory in heavily-trafficked international waters makes for a big issue
Good intentions do not excuse bad economics
A writer argues in a Chicago Tribune op-ed that "Rent control can increase supply". This is utterly untrue: Effective price ceilings cause shortages, by their very definition. If the price ceiling isn't below the market rate, then it isn't "rent control". If the price ceiling is below the market rate, then by definition there will be a shortage of supply.
Trust matters if you're going to do business more than once
Sam Zell: "I like doing deals with the same people. You get to know each other and build a mutual sense of trust."
